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Dataminr Hits Rich Seam, Plans International Growth
New York-based social media analyst Dataminr has raised $130m in growth capital in a Series D financing round led by Fidelity Management and Research Company.
The company offers a broad range of modular desktop and API products for the filtering and analysis of online content and counts bankers and news organizations as key clients at present. Funds will be used to expand into new markets including risk management, to integrate key new datasets into its system, and to push its currently US-focused service out to other parts of the world - it has already been involved in beta testing with the BBC.
Founded in 2009, Dataminr has raised almost $180m in total thus far, and is valued at around $700m. Fidelity was joined in the latest round by institutional investors Wellington Management Company LLP and Credit Suisse NEXT Investors, plus existing backers Venrock and Institutional Venture Partners. New individual investors include a number of high profile names such as John Mack, Vikram Pandit and Tom Glocer, former CEOs respectively of Morgan Stanley, Citigroup and Reuters.
Ted Bailey, CEO and co-founder of Dataminr, describes the investments as 'a significant milestone on our path to becoming the world's leading real-time information discovery company.'
Web site: www.dataminr.com .
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